Question : Which of the following are the part of national income?
- Purchase of car by a household.
- Gifts received from employer
- Royalty
- Government expenditure on street lightning.
Option 1: 1,3&4
Option 2: 2,3&4
Option 3: 1,2,3&4
Option 4: 1,2&3
Answer (1)
17th Jan, 2024
Correct Answer: 1,3&4
Solution : The important point-
- Purchase of car by a household- Private final coonsumption expenditure.
- Gifts received from employer- Transfer incomes
- Royalty- Rent and royalty
- Government expenditure on street lightning- Government final consumption expenditure.
Hence, Option A is correct.
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